How the Twinkie Made the Superrich Even Richer

Domingo Halliburton

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I didnt read the article but private equity bought them out of bankruptcy, fukked the unions, and brought them back to market and sold or IPO'd (is Hostess public, I dont know to be honest). That's essentially what happened right?
 

blackzeus

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C. Dean Metropoulos, in suit, celebrated the comeback of Twinkies with workers at the plant in Schiller Park, Ill., in July 2013. A Hostess spokeswoman said that Mr. Metropoulos oversaw the refurbishing of the plant. But it was closed the following year. CreditScott Boehm/Associated Press

“Schiller Park, We ♥ You,” read a billboard that Hostess sponsored in the town, the heart carved into the image of a half-eaten Twinkie.

The celebration was short-lived. Just over a year after the plant’s grand reopening, Hostess shut it down.


The fallout was swift. All 415 employees were fired, some for the second time in two years. Schiller Park lost one of its largest employers, creating a ripple effect through this tiny working-class suburb of Chicago. The plant itself, an institution so old that it predated nearby O’Hare International Airport, was suddenly vacant.

:laff:
 
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